Down Nearly 50% From Record Highs, Is Baozun a Buy?
In 2019, several tech stocks gained momentum to finish the year at record highs. Investors were buoyant about the low unemployment rates, a strong domestic economy, and de-escalation of the U.S.-China trade war.
Chinese tech giants such as Alibaba, Baidu, and JD.com made strong comebacks in the second half of 2019. However, there was one Chinese company that underperformed peers and the broader market last year.
Baozun (NASDAQ: BZUN) stock gained less than 10% in 2019 and is currently trading almost 50% below its record high. The stock went public back in May 2015 at a price of $10 per share.
Source Fool.com
